August 15th: Qingdao Rubber Price Up

Index

On August 15, the STR20 price index of natural rubber in the Qingdao market was $1,815/ton, up $20/ton from the previous trading day.

Market Analysis

Futures Market:

Spot Market

Supply:

Overseas: Increased rainfall in some producing areas of Thailand has led major manufacturers to increase prices to secure raw materials, driving up raw material prices. Weather conditions in Vietnam have been normal, and the average daily supply of rubber has steadily increased. To ensure delivery of early orders, processing plants have continued their rush to harvest and maintained high purchasing activity, supporting overall firm raw material prices.

Domestic: Continued rainfall in the Yunnan and Hainan producing areas has limited raw material availability, pushing up raw material prices.

Demand: It is understood that some semi-steel tire manufacturers have introduced special pricing on specifications, which has slightly boosted market shipments, with other manufacturers following suit. Most full-steel tire manufacturers have maintained stable pricing policies, with some companies offering promotional policies for certain specifications. Overall, policy remains largely stable, although the possibility of individual manufacturers adjusting promotional specifications cannot be ruled out.

Futures and Spot Price List

Market Forecast

Today, the main rubber futures contract continued its volatile pattern. Holders offered firm prices, but showed little willingness to sell at low prices. Rainfall in producing areas continued to impact the release of new rubber. Raw material prices are already high, and unless there are extreme weather conditions, upward potential is limited. On the demand side, downstream companies are maintaining production control strategies, and the pace of inventory reduction is expected to slow. Overall, natural rubber prices are expected to remain weak and volatile in the short term.

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